Japanese Government Demands BOJ Do QE 9 One Month After Failed QE 8http://www.zerohedge.com/comments/457769/read
enThe're calling it out becausehttp://www.zerohedge.com/node/457769#comment-2912397
<p>The're calling it out because they want to weaken the yen so they can export again at a profit not at a push</p>
Tue, 23 Oct 2012 13:27:41 +0000bushwarcrimecomment 2912397 at http://www.zerohedge.comthe antisemitism in this bloghttp://www.zerohedge.com/node/457769#comment-2912236
<p>the antisemitism in this blog is getting tiresome. fucking nazis.</p>
Tue, 23 Oct 2012 12:47:01 +0000Bogdogcomment 2912236 at http://www.zerohedge.comTyler, any parallels with thehttp://www.zerohedge.com/node/457769#comment-2912060
<p>Tyler, any parallels with the situation in Argentina with the USD/ARS?&nbsp;&lt;/sarc off&gt; Situation in Argentina is getting worse and worse*worse, worseworse</p>
Tue, 23 Oct 2012 11:17:08 +0000Overflow-admincomment 2912060 at http://www.zerohedge.comToo true, at some stage thehttp://www.zerohedge.com/node/457769#comment-2912001
<p>Too true, at some stage the bank runs out of money and all the houses are belong to us!</p>
Tue, 23 Oct 2012 09:26:03 +0000tocointhephrasecomment 2912001 at http://www.zerohedge.comNo respect dude!http://www.zerohedge.com/node/457769#comment-2912000
<p>No respect dude!</p>
Tue, 23 Oct 2012 09:24:06 +0000tocointhephrasecomment 2912000 at http://www.zerohedge.comSo, you're saying it's a racehttp://www.zerohedge.com/node/457769#comment-2911930
<p>So, you're saying it's a race between the collapsing value perception of paper capital brought about by monetization and the accompanying collapse of government power. &nbsp;On the one hand we have monetization, which is a process of trying to force total debt to at a minimum stay static but preferentially expand by slowly and methodically raking in all the debt markers within which people can deposit their imaginary electronic "savings" until there is no vessel left to put these electronic bits into except new debt, and if this means replacing all marketable debt with FR debt by exchanging all open market debt for Federal Reserve liabilities, so be it. However, with the Federal Reserve balance sheet currently at $2.8 trillion and total credit market debt at $54.5 trillion as of Q4 2011, this exchange process has a long ways to go, although its non-linear exponential trajectory is deceiving.As the Federal Reserve financialization program of flushing the quail of savings out into the open by covering all existing debt instruments with matching Federal Reserve liabilities proceeds apace, the money making strategy ceases to be buy and hold for yield and instead becomes frontrun the Fed and buy for price increases with the Fed assuming the role of greatest idiot wiling to be the last buyer of everything.&nbsp; So the market adapts to surf just ahead of the event horizon of monetization, which is the last point at which a debt instrument is openly traded and therefore has any market price visibility before crossing the event horizon and vanishing into the opaque black hole of Federal Reserve holdings, leaving behind a static picture of its "value" floating on the event horizon, which the Fed uses to calculate a supposed but entirely fictitious market value of its balance sheet. This destroys the real value perception of debt by making it worthless unless its price is moving.And on the other hand we have declining true government economic power, for as open market debt instruments are replaced by Federal Reserve liabilities, the Fed and therefore the Government find that faith in the relative value of their replacement debt instruments declines as more and more flood onto the market, and thus as they seek to grab more and more economic power by fiat they paradoxically find that they have less and less, which is steadily echoed in the increasing relative value of physical commodities when compared to their replacement debt instruments.Where the footrace turns parabolic is when the Fed and the Government cross that invisible boundary and citizens of all nations viscerally recognize the ultimate destination of the exchange value of FRN and US government debt. The question is, where is the line that represents the limit to what the Government will attempt in order to force the perception of value back into its debt instruments?&nbsp; Does it have one?&nbsp; As the exchange rate of Government debt instruments against physical commodities reaches an infinite singularity, does the extent of force the Government is willing to utilize to force the perception of value back into its debt instruments and therefore regain power also reach an infinite singularity?</p>
Tue, 23 Oct 2012 06:44:18 +0000gwisscomment 2911930 at http://www.zerohedge.comyea in 1945 they figured washttp://www.zerohedge.com/node/457769#comment-2911878
<p>yea in 1945 they figured was a good time to corner the market in dystentary, nuclear fallout, smallpox, poverty , famine, gonhorrea, syphillus, and every other kind of human misery possiblejust think fellas in 1965 this hell hole will begin to stop stinking of human waste and you'll reap millionsor is that just nation building from the burnt out remnants of a civilization to a prosperous one? look up zaibatsuyou fucking filthy piece of shit</p>
Tue, 23 Oct 2012 05:29:04 +0000bushwarcrimecomment 2911878 at http://www.zerohedge.comThe thing I find interestinghttp://www.zerohedge.com/node/457769#comment-2911861
<p>The thing I find interesting about this report is that the government leaked it.&nbsp;&nbsp; That's very un-Japanese.&nbsp; The printing is inevitable.&nbsp; Publicly calling the BOJ out - that's got a tinge of desparation to it.</p>
Tue, 23 Oct 2012 05:12:18 +0000DonutBoycomment 2911861 at http://www.zerohedge.comSpam Bothttp://www.zerohedge.com/node/457769#comment-2911676
<p>Spam Bot</p>
Tue, 23 Oct 2012 03:11:41 +0000Almost Solventcomment 2911676 at http://www.zerohedge.comMore pain for thehttp://www.zerohedge.com/node/457769#comment-2911666
<p>More pain for the nips...Less pain for tuna and whales.&nbsp;</p>
Tue, 23 Oct 2012 03:05:26 +0000BigDuke6comment 2911666 at http://www.zerohedge.comWTF???http://www.zerohedge.com/node/457769#comment-2911653
<p>WTF???</p>
Tue, 23 Oct 2012 03:04:15 +0000Overfedcomment 2911653 at http://www.zerohedge.comI believe inflation is takinghttp://www.zerohedge.com/node/457769#comment-2911584
<p>I believe inflation is taking hold big time but its in pockets - they are watching the headline numbers but its creeping in<br />
regular clothes in most stores are now crap - I can't bring myself to pay for the plastic crap they are selling<br />
cell phone bill is skyrocketing<br />
paying 4.50 for a loaf of bread unless I get it on sale which I usually do<br />
paid 3.75 for a basic greeting card a rite-aid<br />
a little while ago I was paying 25/month for internet now best I can do is $40<br />
every is grabbing for margin but where is the extra money going to come from?</p>
Tue, 23 Oct 2012 02:39:48 +0000mendigocomment 2911584 at http://www.zerohedge.comThe party'shttp://www.zerohedge.com/node/457769#comment-2911539
<p>The party's over.............Major pain &amp; suffering to follow.&nbsp;</p>
Tue, 23 Oct 2012 02:22:37 +0000Mad Mad Womancomment 2911539 at http://www.zerohedge.comspeaking of cell phones -http://www.zerohedge.com/node/457769#comment-2911541
<p>speaking of cell phones - rates are going up big time<br />
Verizon is pushing everyone into smart phones at worsening rates<br />
I have 4 lines with them for about ten years and I've had it<br />
the cheap services are starting to look interesting</p>
Tue, 23 Oct 2012 02:21:50 +0000mendigocomment 2911541 at http://www.zerohedge.comwouldn't it be fairlyhttp://www.zerohedge.com/node/457769#comment-2911526
<p>wouldn't it be fairly conventional policy that Japan would ease to bring down the yen? what's up with the yen that it won't come down. is that thing going to snap or what?</p>
Tue, 23 Oct 2012 02:17:00 +0000mendigocomment 2911526 at http://www.zerohedge.comI am just wondering when theyhttp://www.zerohedge.com/node/457769#comment-2911514
<p>I am just wondering when they are going to finally give up on asset purchases and start writing checks to the general population. Maybe it will be here by QE infinite (itteration # 17).</p>
Tue, 23 Oct 2012 02:14:11 +0000AndrewJacksoncomment 2911514 at http://www.zerohedge.comThey're using all thathttp://www.zerohedge.com/node/457769#comment-2911474
<p>They're using all that liquidity to keep the Fukushima reactors cool.</p>
Tue, 23 Oct 2012 02:02:38 +0000markmotivecomment 2911474 at http://www.zerohedge.com> P.S. Their money lookshttp://www.zerohedge.com/node/457769#comment-2911456
<p>&gt; P.S. Their money looks something awful.</p>
<p>Very insightful.<br />
I hope you don't invest in PM's. If you do, get a Tungsten detector.</p>
Tue, 23 Oct 2012 01:57:02 +0000Non Passarancomment 2911456 at http://www.zerohedge.com"Japanese Government Demandshttp://www.zerohedge.com/node/457769#comment-2911425
<p><em><strong>"Japanese Government Demands BOJ Do QE 9 One Month After Failed QE 8"</strong></em>These 'solutions' don't last longAsk Timmya, Bubbles Ben or Krugman, they'll just say economic recovery is simply down to your print speed setting. Productivity just springs from those ink squirters</p>
Tue, 23 Oct 2012 01:45:18 +0000Zero Govtcomment 2911425 at http://www.zerohedge.comFirst rule of Business - Nohttp://www.zerohedge.com/node/457769#comment-2911311
<p>First rule of Business - No one wins a Discount War. Its a race to bankruptcy</p>
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Tue, 23 Oct 2012 00:39:09 +0000supracomment 2911280 at http://www.zerohedge.comBenopoly! If you land on FEDhttp://www.zerohedge.com/node/457769#comment-2911267
<p>Benopoly! If you land on FED place, you get the printing press for one round</p>
Tue, 23 Oct 2012 00:33:39 +0000JonNadlercomment 2911267 at http://www.zerohedge.comThe one thing that stands outhttp://www.zerohedge.com/node/457769#comment-2911241
<p>The one thing that stands out to me the most with what Martin Armstrong said about gold, it is "political"</p>
Tue, 23 Oct 2012 00:21:23 +0000thomasincincycomment 2911241 at http://www.zerohedge.comJapan is fucked and they knowhttp://www.zerohedge.com/node/457769#comment-2911228
<p>Japan is fucked and they know it, Between Fuckushima, their demographics and their QE forever policies , all they need is another major earthquake which is coming and that will be it!!Incidentally, I think that will be the fuse that will blow up the world financial system. The Drag and Ben have probably managed to postpone the collapse for a bit longer. Not sure about Japan.......&nbsp;</p>
Tue, 23 Oct 2012 00:13:49 +0000hedgehog9999comment 2911228 at http://www.zerohedge.comGood read fromhttp://www.zerohedge.com/node/457769#comment-2911217
<p>Good read from Schiff<a href="http://marketplayground.com/2012/10/22/peter-schiff-lessons-from-black-monday/">http://marketplayground.com/2012/10/22/peter-schiff-lessons-from-black-monday/</a>"I do not believe that the stock market is as vulnerable to another Black Monday. With the Federal Reserve so committed to its current course of quantitative easing, it seems to me unlikely that they will allow such a steep one-day drop. Also, with bond yields so low, domestic investors are currently presented with fewer attractive options. If anything, the next Black Monday is more likely to occur in the currency and/or bond markets, with safe haven flows moving into gold not treasuries."</p>
Tue, 23 Oct 2012 00:10:25 +0000fonzannooncomment 2911217 at http://www.zerohedge.comIs it just me or does it seemhttp://www.zerohedge.com/node/457769#comment-2911208
<p>Is it just me or does it seem that we have some kind of global financial flu going on around here...(P.S. Their money looks something awful... )</p>
Tue, 23 Oct 2012 00:08:33 +0000Kitlercomment 2911208 at http://www.zerohedge.comOhai Yo fuckinassisan: 20http://www.zerohedge.com/node/457769#comment-2911204
<p>Ohai Yo fuckinassisan: &nbsp;20 trillion printing Bernankesan, &nbsp;then more deficit then 50 trillion, Barnanke san....so solli, &nbsp;exports down 10% &nbsp;next month down 20% &nbsp;then down 1/2.yen, is soylent green, its people let them cannibalise their economy, and eat the old peoples bonds. ...worthless.&nbsp;</p>
Tue, 23 Oct 2012 00:05:56 +0000Atlantis Consigliorecomment 2911204 at http://www.zerohedge.com
How right you are Tylerhttp://www.zerohedge.com/node/457769#comment-2911206
<p>&nbsp;&nbsp;How right you are Tyler and on that note <strong>Surprise</strong>!&nbsp;Oct. 22, 2012, 3:03 p.m. EDTFed considers upping QE3 size and language<a href="http://www.marketwatch.com/story/fed-considering-upping-qe3-size-and-language-2012-10-22?dist=tbeforebell">http://www.marketwatch.com/story/fed-considering-upping-qe3-size-and-language-2012-10-22?dist=tbeforebell</a>(Just Kidding know this shouldn't come as a surprise to ZH readers)&nbsp;A Ponzi Scheme Called America<a href="http://www.profitconfidential.com/euro/a-ponzi-scheme-called-america/?subid=OUTBRAIN">http://www.profitconfidential.com/euro/a-ponzi-scheme-called-america/?subid=OUTBRAIN</a>Japan's Choice: Shrink the Welfare State or Collapse<a href="http://www.forbes.com/sites/stephenharner/2012/10/21/japans-choice-shrink-the-welfare-state-or-collapse/">http://www.forbes.com/sites/stephenharner/2012/10/21/japans-choice-shrink-the-welfare-state-or-collapse/</a></p>
Tue, 23 Oct 2012 00:05:41 +0000LMAOLORIcomment 2911206 at http://www.zerohedge.comHow many on that list arehttp://www.zerohedge.com/node/457769#comment-2911199
<p>How many on that list are American?&nbsp;</p>
Tue, 23 Oct 2012 00:02:27 +0000Jimmy Carter was rightcomment 2911199 at http://www.zerohedge.comHey tyler that's not fairhttp://www.zerohedge.com/node/457769#comment-2911195
<p>Hey tyler that's not fair showing monopoly money being used so carelessly.&nbsp; There are limits in monopoly unlike QE&nbsp;reality</p>
Tue, 23 Oct 2012 00:00:27 +0000fijisailorcomment 2911195 at http://www.zerohedge.comthe Bernank fears deflationhttp://www.zerohedge.com/node/457769#comment-2911192
<p>the Bernank fears deflation like its the plague</p>
Tue, 23 Oct 2012 00:00:04 +0000otto skorzenycomment 2911192 at http://www.zerohedge.comI am so ready to check out ofhttp://www.zerohedge.com/node/457769#comment-2911187
<p>I am so ready to check out of The Hotel America-but I can never leave</p>
Mon, 22 Oct 2012 23:58:00 +0000otto skorzenycomment 2911187 at http://www.zerohedge.comI'm diggin' on your list buthttp://www.zerohedge.com/node/457769#comment-2911184
<p>I'm diggin' on your list but be careful-you may be "suicided"</p>
Mon, 22 Oct 2012 23:57:07 +0000otto skorzenycomment 2911184 at http://www.zerohedge.comit is quality and quantity,http://www.zerohedge.com/node/457769#comment-2911181
<p>it is quality <strong>and </strong>quantity, with the BOJ (and Fed) monetizing progressively more risky assets, thinking they are forcing investors to buy what residual assets are left, when instead all they succeed in doing is being frontrun. <a href="http://www.zerohedge.com/news/2012-10-20/presenting-all-us-debt-thats-fit-monetize">This was explained here</a>. The <strong>biggest </strong>paradox for those who are not steeped in (flawed monetary) theory, is that by <em>monetizing the primary signal </em>of long-term inflation (and thus forcing others to buy it ahead of time): the long bond, the central bank of country X shoots itself in the foot, because while it tries to prompt inflation, and thus LT rates rising, all that is achieved is LT rates collapsing even more, thus never being able to telegraph a rise in inflation expectations.</p>
Mon, 22 Oct 2012 23:56:36 +0000Tyler Durdencomment 2911181 at http://www.zerohedge.comFuck you, Bernanke-san!http://www.zerohedge.com/node/457769#comment-2911185
<p>Fuck you, Bernanke-san!</p>
Mon, 22 Oct 2012 23:56:14 +0000Pairadimescomment 2911185 at http://www.zerohedge.comMy sincere apologies, Ihttp://www.zerohedge.com/node/457769#comment-2911175
<p>My sincere apologies, I stopped reading at "if you don't, then that just makes you a dumb slut"Because it was at this point that I said to myself, "self? he's right. You are a dumb slut."Damn, I love being a slut. I think I will say it a few times&nbsp;slutslutslutslutslutslutslutslutslutslut&nbsp;&nbsp;</p>
Mon, 22 Oct 2012 23:49:40 +0000clymercomment 2911175 at http://www.zerohedge.comList added to revolutionhttp://www.zerohedge.com/node/457769#comment-2911169
<p>List added to revolution archive.</p>
Mon, 22 Oct 2012 23:45:47 +0000q99x2comment 2911169 at http://www.zerohedge.comAnyone notice a distinct,http://www.zerohedge.com/node/457769#comment-2911166
<p>Anyone notice a distinct, common thread there between the majority?I thought so.</p>
Mon, 22 Oct 2012 23:44:06 +0000The Goochcomment 2911166 at http://www.zerohedge.comZap Powerz...your patient mayhttp://www.zerohedge.com/node/457769#comment-2911160
<p>Zap Powerz...your patient may be a working girl...a client gave it to her or her pimp...or it may be stolen, apparently cell phones are the highest theft item now...with it goes the victim's card information and basically all their numbers and keys to their accounts, life.</p>
Mon, 22 Oct 2012 23:40:08 +0000emersonreturncomment 2911160 at http://www.zerohedge.com
We give more riquidity.http://www.zerohedge.com/node/457769#comment-2911154
<p>&nbsp;<em>We give more riquidity.</em><strong><em></em></strong></p>
Mon, 22 Oct 2012 23:39:01 +0000Ineverslicecomment 2911154 at http://www.zerohedge.comMeanwhile China is blowinghttp://www.zerohedge.com/node/457769#comment-2911152
<p>Meanwhile China is blowing it's own legs off.&nbsp; It's done.<strong>*RTRS report states bank lending in China rebounds sharply in Q3</strong>+ inflation and inventory write-downs.What a mess.</p>
Mon, 22 Oct 2012 23:38:12 +0000chump666comment 2911152 at http://www.zerohedge.comJapan's now running a tradehttp://www.zerohedge.com/node/457769#comment-2911148
<p>Japan's now running a trade deficit. &nbsp;The only thing that gives them a current account surplus is their foreign investments. &nbsp;QE-Japan no longer functions as a yen weakener. &nbsp;20 trillion yen proposal and the dollar/yen doesn't budge.</p>
Mon, 22 Oct 2012 23:36:36 +0000rosethorncomment 2911148 at http://www.zerohedge.comhttp://www.jccjapan.or.jp
Jewhttp://www.zerohedge.com/node/457769#comment-2911150
<p><a href="http://www.jccjapan.or.jp" title="http://www.jccjapan.or.jp">http://www.jccjapan.or.jp</a>Jews have been running Japan since 1945. Ask the black belt master and satanist jew Henry Kissinger</p>
Mon, 22 Oct 2012 23:36:11 +0000YuropeanImbecillecomment 2911150 at http://www.zerohedge.comThat explanation presumeshttp://www.zerohedge.com/node/457769#comment-2911149
<p>That explanation presumes that value is a function of quantity. It isn't.Value is given by <strong>quality</strong>. You value a woman for example, based on her quality. If you don't, then that just makes you a dumb slut.Money is no less desirable than a woman of quality, why consider its value given by quantity?The fact is, the 'assets' of the BoJ are&nbsp; already complete shit. The Yen is junk &amp; hyperinflation could happen at any time. That it hasn't happened already <em>is testament to the infinite stupidity of the human race</em>, or, it is a credit bubble of inconceivable magnitude. And I'm not just picking on the BoJ here, the obligations of the Fed are junk too, so to the ECB....&nbsp;<em>An old Welsh Justice, mounted on a goat.... Is asked which way his Worship means to trot.... To London he is travelling, quoth he.... To sell Welsh copper, and to buy South Sea....</em> It doesn't matter what central banks do. The financial 'markets' will behave like an irrational credit bubble, because that's what they are, until one day, they don't.</p>
Mon, 22 Oct 2012 23:35:48 +0000AUDcomment 2911149 at http://www.zerohedge.comBut don't little bits of woodhttp://www.zerohedge.com/node/457769#comment-2911145
<p>But don't little bits of wood pulp, cotton rags, with pictures of dead men and buildings with a big floating eye, manks us rich?<br />
We need more floating eyes. Maybe a temple and cut out hearts, done by central bankers. The Bernake needs a uniform. I vote the medieval Plague Doctor get up. The flat hat and the long bird beak.</p>
Mon, 22 Oct 2012 23:35:19 +0000Offthebeachcomment 2911145 at http://www.zerohedge.comUMMM,....jews?
I spent allhttp://www.zerohedge.com/node/457769#comment-2911140
<p>UMMM,....jews?I spent all day in Osaka yesterday and there isn't a whiff of desperation in the air, other than the 2 homeless guys I saw. &nbsp;The designer &nbsp;bags and black stockings were flowing like water. &nbsp;Didn't see any beautiful jewish ladies though unfortunately.</p>
Mon, 22 Oct 2012 23:33:25 +0000bushwarcrimecomment 2911140 at http://www.zerohedge.comExponential function, time tohttp://www.zerohedge.com/node/457769#comment-2911132
<p>Exponential function, time to square my gold&nbsp;</p>
Mon, 22 Oct 2012 23:26:02 +0000bushwarcrimecomment 2911132 at http://www.zerohedge.comRelax. I evaluated a newhttp://www.zerohedge.com/node/457769#comment-2911126
<p>Relax.&nbsp; I evaluated a new medicaid patient today.&nbsp; She had a new iPhone and couldnt stop texting during my assessment.&nbsp; It was nice.So if you can be on welfare and still afford an iPhone, all is right in the world and we have nothing to worry about.</p>
Mon, 22 Oct 2012 23:24:14 +0000Zap Powerzcomment 2911126 at http://www.zerohedge.comIncorrect: the BOJ can andhttp://www.zerohedge.com/node/457769#comment-2911122
<p>Incorrect: the BOJ can and will create reserves by diluting its assets (i.e. monetize more ETFs, more stocks, more Hello Kitty lunchboxes, more condom wrappers, more, more2, moremore) to infinity. And here is the kicker: <strong>so can every other central bank with a printer</strong>!The magic of a fiat world - infinite dilution, at which point you have fiat collapse: aka the monetary singularity. Some even call it hyperinflation.</p>
Mon, 22 Oct 2012 23:23:00 +0000Tyler Durdencomment 2911122 at http://www.zerohedge.com
Govt. is asking Bank ofhttp://www.zerohedge.com/node/457769#comment-2911121
<p>&nbsp;<em><strong>Govt. is asking Bank of Japan to increase its asset-purchase program by 20t yen</strong></em>That is only $250 billion (3 months printing by Bernanke). &nbsp;That should be good for a month or two. &nbsp;What are gold and silver not skyrocketing? &nbsp;How many billions is the Fed spending to put a lid on gold and silver?&nbsp;</p>
Mon, 22 Oct 2012 23:21:50 +0000JustObservingcomment 2911121 at http://www.zerohedge.com